Shows seemed wrong. When old rules just dont hold. Any old belief yet to shape our disdain becomes agitated and in games from it equals betrayal. When so many find themselves worlds apart we choose to look for common ground. This is boom bust the one business show you cant afford to miss im sorry mando in washington coming up a little markets are on hopes that the u. S. Will sort of run a virus relief bill this comes as president offered a broader 1. 00 trillion dollar package but will democrats counter. The many global central bankers looking at possible guidelines for enforcing the laws but one major economy is not part of those talks we have a boom bust panel standing by we have a lot to get to so lets get started. We begin today with Global Markets reacting to the news that there may still be hope for another u. S. Stimulus package thats before the election starting in russia the market is down for the week as the ruble climbed to 2 week highs but still near recent lows concerns gr
Billionaires index. Raise 30 5ting to billion in hong kong and shanghai. Aviation in australia. Alice springs emerges as the ideal place to store passenger planes left idle by the coronavirus. Shery. Shery breaking news out of south korea. We are getting the preliminary thirdquarter gdp numbers and we are seeing the quarter on quarter the economy has grown 1. 9 , which is beating expectations of 1. 3 and this is also coming after its first recession since 2003. We saw a contraction of more than 3 in the previous Second Quarter. Youre on your, still a contraction of 1. 3 but its a much smaller contraction than was expected and it is also a contraction that has eased from the previous quarter. We have seen growth and strength when it comes to south koreas exports and manufacturing industries. Thirdquarter manufacturing actually growing 7. 6 quarter on quarter when you look at the details in the gdp numbers. We have seen the rebound in china. South koreas biggest trading partner helping i
A lot of that to the world and that. The to. This is boom bust the one business show you cant afford to miss im sorry mando in washington coming up the bull markets are on hopes that the u. S. Will toss some sort of a groan a virus relief bill this comes as President Trump offered a broader 1. 00 trillion dollars package but well democrats counter the committee consisting of global Central Banks is looking at possible guidelines for enforcing crypto laws but one major economy is not part of those talks we have a boom bust panel standing by have a lot to get to so lets get started. We begin today with Global Markets reacting to the news that there may still be hope for another u. S. Stimulus. Package thats before the election starting in russia the most is down for the week as a ruble climbed to 2 week highs but still near recent lows concerns grew as france and germany they both push for a use ancients over the alleged poisoning of alexy of only already asian markets the shanghai compo
The countrys reserve bank kept Interest Rates unchanged at 4 percent the a. S. X. In australia also for the week blue chips and tech stocks led those gains almost all for soared 12. 2 percent after acquiring u. K. Platform breathed for 32000000. 00. In south africa the all shares also in the green on wednesday the central bank reiterated it would keep rates steady at least in the near term Consumer Staples and gold miners also lead those gains lets head over to europe in the americas starting in london where the footsie is up for the week well and gas prices hope those gains the index saw some losses though on friday data out of the u. K. Showed that g. D. P. In august grew 2 point one percent which was less than expected the german dax also in the green now german exports rose for the 4th consecutive month by 2. 4 percent in august after a 4. 7 percent rise in july french also in the green closely monitoring about u. S. Stimulus in brazil the evo best buy also seeing another green arr
Targeted aid maybe, perhaps as much as 25 million for airlines we have details on that. Later, a democraticled house panel calling for a crackdown and breakup of the countrys biggest tech companies. The chair of the antitrust subcommittee will join us later this hour as power lunch starts right now tyler, thanks welcome to power lunch. Im kelly evans. Were digging through the fed minutes just released. In the meantime, take a look at whats leading the rally its consumer and consumer discretionaries. The house panel is going after big tech its a mixed bag but apple and amazon both up more than 2 . With markets rocketing back after the late day drop we saw yesterday, stimulus back on the table. Bob pisani has more on what were seeing here. In fact, were at the highs for the day. Were on light volume again. The volume tends to be lighter on up days than down days recently thats a sign the pain trade is to the downside. Sectors tends to be the cyclical names here banks, industrials, materi